COMMERCIAL NEWS

Ashburton Guardian, Volume 57, Issue 28, 12 November 1936, Page 7

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASHBURTON MARKET. Owing to Carnival Week holidays, Ashburton grain, seed and produce merchants report that business has been more or less at a standstill on the local market. Several sales of wheat have been made to millers. There is a good inquiry for all grades of fowl wheat, and a good inquiry for Garton oats. Owing to heavy consignments of potatoes to the North Island, the local market has eased considerably, and in the absence of orders it is difficult to place a true value on potatoes. Retail business in grass seed and clovers is being maintained. . The following are prices to be paid to growers, free of commission, on trucks, at country stations, sacks extra:— Wheat Milling Tuscan 4s lOd, Hunters ss, Pearl and Velvet 5s 2d (all f.0.b.); good whole fowl wheat 3s 8d to 3s 9d, under-grade 3s 3d to 3s 6d. Oats—A Grade Gar tons 3s, B. grade 2s Bd, Algerians 2s 3d to 2s 6d; Duns 2s 3d to 2s 9d. according to quality. Grass Seeds—Perennial, Italian and Western Wolths Is 9d to 2s a bushel, cocksfoot 7d to 8d a lb, red clover 6d to 7d a lb. Oatsheaf Chaff Good, bright oatsheaf £2 15s a ton. Partridge Peas—No. 1 grade 6s, f.a.q. 4s 6d a bushel. THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday : LISTED STOCKS. * Sales on Change.

THE STOCK MARKET. BURNSIDE. DUNEDIN, November 11. Thp market for fat cattle at Burnside stock sale to-day was about on a par with last week, until towards the end, when prices, especially for better quality sorts, improved. -Prime heavy ox brought to £l7 7s 6d, prime £l2 17s Gci to £l3 17s Gd, medium £lO 12s 6d to £l2 7s 6d, and light down to £J l /s Gd. Prime heavy cows and heifers to £lO 12s Gd, prime £7 7s Gd to £9 7s Gd, medium £6 2s Gd to £7 2s Gd, and light down to £5 12s Gd. There were 105 store cattle yarded, and pens of well bred four-year steers realised £8 Is under keen competition. , . The entry of dairy cows numbered 31, and a few good young cows forward met with good, inquiry. Outside competition kept the maiket for fat sheep firm until the final races, when there was a noticeable easing. Prime heavy wethers, in the wool, brought to £2, shorn to £1 10s, prime (in wool) £1 los Gd to £1 Hs 9d, shorn £1 5s Gd to £1 7s Gd, medium (in wool) £1 Us to £1 15s 3d, shorn £1 2s 9d to £1 ss, light and unfinished (in wool) down to £1 7s 3d, and shorn down to 19s. Prime heavy ewes (in wool) realised to £1 16s, and shorn to £1 7s, prime (in wool) £1 Us 9d to £1 14s, shorn £1 3s Gd to £1 5s 9d, medium (in wool) £1 5s 9cl to £1 9s 3d, shorn £1 2s to £1 3s 3d, light (in wool) £1 to £1 3s 9d, and shorn 17s 9cl to £1 Is Gd. The fat lambs forward met with a firm market until the latter stages, when there was an easing of up to 2s a head. Prime heavy lambs made to £1 Us Gd, prime £1 3s Gd to £1 Ss, and light down to £1 Is. Fat pigs numbered IGO. Baconers

brought from £3 8s to £4 4s, and porkers from £2 8s to £3 ss. Stores, of which there were 245 offered, realised from £1 Is to £2, according to size and quality. SYDNEY WOOL SALES. PRICES AGAIN FIRMER. . SYDNEY, November 11. At the wool sales, 12,606 bales were offered, 11,757 were sold at auction and 725 privately. The j>rices were at the best point of the week, with particularly keen competition from Yorkshire, the Continent, and the United States. Greasy merino fleece sold to constituting a fresh record for the season for Sydney. CHRYSLER DIVIDEND. NEW YORK, November 10. The Chrysler Corporation, apparently surprising Wall Street after the closing of the market, declared a dividend of five and a half dollars a share on common stock, the largest in its history, bringing the total this year to 12 dollars, compared with two dollars last year. Mr Walter Chrysler said the net profit for the first nine months of the year was 41,975,000 dollars. LONDON WOOL SALE TO-DAY. LONDON, November 10. The sixth and final series of the London wool sales for 1936 will open on November 12 and 1 conclude on December 2. The catalogue totals 100,500 bales, including 52,350 Australian and 41,150 New Zealand. ANTWERP WOOL FUTURES. LONDON, November 10. Antwerp wool futures are quoted:— December 31fd, March 31Jd, May 31 5-8 d per lb.

£ 8. d. £500 N.Z. Govt., 4 p.c. Ins., 1937 ... (2) 100 15 0 75 National Bank of A/asia (£5 pd., cum div.) 7 7 3 7 7 6 25 Dalgety and Co. (cum div.) 9 10 0 300 N.Z. Refrig. (10s pd) (3) 0 9 3 90 N.Z. Breweries 2 13 3 2 13 1 50 Broken Hill Propty. (cum div.) 4 4 6 50 Broken Hill Propty. (contr., cum div.) ... 3 14 3 200 Dunlop Rubber 0 17 11 0 17 10 300 G. J. Coles (3) 3 17 6 100 Hume Pipe (Aust.) 1 .2 10 100 AYilcox Mofflin 0 11 8 25 Woolworths (N.Z. ord.) 6 10 0 200 Shillings, Ltd. (2) 500 Lawson’s Flat 0 18 10 0 0 2£ 450 Mount Lyell (cum div.) ... (3) 1 16 3 1 16 4 (2) 1 16 3 1 16 2 200 Mount Morgan (2) 0 14 11 100 Rawang Tin 0 11 0 Sales Reported. 100 Cornm. Bank of Aust. (late sale Tuesday) 0 18 11 50 National Bank of N.Z. (late sale Tues.) 3 2 9 80 Bank of N.Z. 2 16 250 National Insurance v (cum div.) 0 18 10 200 Morts Dock 0 13 8 £150 N.Z. Farmers’ Co-op. (4J ip.c. stock, 1945) 93 10 0 300 Mount Lyell (2) 1 16 6 200 Rawang Tin (2) 0 11 0 133 Quill, Morris (1936, odd lot) 0 18 1 UNLISTED STOCK. Sales on ’Change. 145 Woolworths (Sydney, ord.) 6 11 0 6 12 6 6 12 0 (2) 6 12 6 100 Woolworths (Western Australia) 6 10 0 (3) 6 12 6